Penalty for estimation of income and disallowances for tax non-deduction clarified: estimation-based penalties not sustainable; additions without conc...
Managerial remuneration disallowance under s.40A(2)(b) challenged over alleged tax-avoidance; appellate decision restored deletion of addition for dir...
Classification of imported goods as electronic cigarette versus tobacco product reversed for lack of proof; order set aside for jurisdictional overrea...
The description of the export product and the import quantities under SION A-2005 at Sl. No. 2 have been amended with immediate effect. The export product is revised from "Phenoxyethanol (Preservative Grade)" to "Phenoxyethanol", with the quantity remaining 1 kg. The permitted import item quantity for Phenol remains 0.690 kg, while the quantity for Ethylene Oxide is revised from 0.325 kg to 0.323 kg. The amendment is issued under the Foreign Trade Policy 2023 and operates immediately for the relevant input-output norm.
The description of the export product and the import quantities under SION A-2005 at Sl. No. 2 have been amended with immediate effect. The export product is revised from "Phenoxyethanol (Preservative Grade)" to "Phenoxyethanol", with the quantity remaining 1 kg. The permitted import item quantity for Phenol remains 0.690 kg, while the quantity for Ethylene Oxide is revised from 0.325 kg to 0.323 kg. The amendment is issued under the Foreign Trade Policy 2023 and operates immediately for the relevant input-output norm.
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